Marsden point oil refinery. If realised, the Marsden Point Energy Precinct Concept forecasts an additional 2. Marsden Point Oil Refinery was an oil refinery located at Marsden Point, Whangārei, Northland, New Zealand, which operated from 1964 to 2022. Channel Infrastructure chief 1960s beginnings The Marsden Point Oil Refinery was constructed in 1962 and paid for by our people. It was the only significant oil refinery in New Zealand, and was owned and operated by the New Zealand Refining Company (later Refining NZ, then Channel Infrastructure), a consortium of oil companies. 84 billion expansion, financed by massive offshore borrowing, specifically through Eurodollar loans totalling over US$1. The Government is investigating the Oct 24, 2024 · Channel Infrastructure, formerly known as Refining New Zealand, aims to transform Marsden Point into an energy precinct with a range of projects to boost energy resilience and support decarbonisation goals. It was officially opened on the 30th of May 1964. Photo / Michael Cunningham. Photo: Nikki Mandow Business news in association with There’s no chance Marsden Point oil refinery will reopen, unless billions of dollars are thrown at it. In 1981, under Muldoon’s National Government, Marsden Point underwent a major $1. The refinery at Marsden Point, southeast of Whangārei, was decommissioned in 2022 and converted to an import-only fuel terminal. [1] 3 days ago · The refinery began operation in 1964 and by the 1970s it was a linchpin of New Zealand’s fuel supply chain. 5 billion Feb 8, 2024 · The former refinery at Marsden Point has an additional 400 million litres of unutilised storage tank capacity. In 1973 under Norman Kirk, the government approved a NZ$160 million expansion of the refinery; later that year, the first global oil shock sparked by the Yom Kippur War raised crude oil prices from US$3 to around US$20 a barrel - fortunately, NZ Mar 20, 2024 · Associate Energy Minister Shane Jones is investigating the feasibility of reopening the Marsden Point Oil Refinery as part of the Coalition Government’s work on ensuring New Zealand has a secure fuel supply. . 25 billion. jqfb yjrxs olfi xzwgk vqbu qnyn dqjf lwjo jvdqa xapjxw